Recently, many countries have started hoarding food, and international food prices are also soaring. It seems that a huge food crisis is not far away from us. "The conflict between Russia and Ukraine appears to have triggered a huge storm, triggering multiple crises across the globe in the fields of food, energy and debt, with devastating effects on developing countries," the United Nations warned in a report. So what caused this storm?
1. Reduced food production around the world. From the perspective of world grain production and export, Ukraine is the world's largest exporter of wheat, with grain exports accounting for 10%, 15% and 15% of total world exports, respectively. Russia is also the largest grain exporter in the world, including energy, fertilizer and other resources related to grain production. The two countries are currently at war, which has had a major impact on food production and exports. The United States is also experiencing a drought that has never been seen in a century, which has also had a major adverse impact on U.S. grain exports. The United States accounts for 7% of the world's wheat production, of which exports account for 11% of the world's output; corn production accounts for 31.7% of the world's output, and exports account for 35.1% , the output and export volume are the first in the world; soybean production accounts for 31.33% of the world, and export volume accounts for 37.42%. Therefore, the sharp reduction in the world's food production and export has led to the current increase in food prices, and countries have begun to stock up on food.
2. Transportation problems caused by international conflicts. At present, due to the epidemic and international conflicts, countries in the world are experiencing poor freight transport, which has also contributed to the formation of an international food tension situation.
3. The global economic downturn under the influence of the epidemic. In recent years, too much energy has been devoted to fighting the epidemic in the world, and all countries are in the process of economic development giving way to epidemic control. Therefore, the world economy faces huge downside risks, and some places have experienced obvious negative growth. The economic downturn has led to a decline in grain output and imports, which is also an important factor leading to the current international grain shortage.
However, hoarding grain can only solve the immediate problem, vigorously develop modern agriculture, and establish high-standard farmland, so as to avoid the occurrence of food crisis in the country.
